Tata Motors advances after declaring good April monthly sales volume data

Tata Motors rose 2.47% to Rs 417.35 at 09:42 IST on BSE, after the company announced that its total commercial and passenger vehicles sales rose 9.9% to 39,763 units in April 2016 over April 2015.

The company announced the monthly sales volume data after market hours yesterday, 2 May 2016.

Meanwhile, the S&P BSE Sensex was up 176 points or 0.69% at 25,612.97

On BSE, so far 92,745 shares were traded in the counter as against average daily volume of 7.75 lakh shares in the past one quarter. The stock hit a high of Rs 418.40 and a low of Rs 410.60 so far during the day. The stock had hit a 52-week high of Rs 530.95 on 11 May 2015. The stock had hit a 52-week low of Rs 266 on 11 February 2016.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Domestic sales of Tata commercial and passenger vehicles rose 11% to 35,978 units in April 2016 over April 2015. Sales from exports were flat at 3,785 units in April 2016 compared with corresponding previous year. Tata Motors' passenger vehicle sales rose 7.9% to 11,161 units in April 2016 over April 2015. The company's sales of commercial vehicles in the domestic market rose 13.3% to 25,138 units in April 2016 over April 2015.

On consolidated basis, Tata Motors' net profit fell 2% to Rs 3507.54 crore on 3.7% growth in net sales to Rs 71686.12 crore in Q3 December 2015 over Q3 December 2014.

Tata Motors is a market leader in commercial vehicles in India. The company's British unit Jaguar Land Rover sells premium luxury cars.

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